Gold Coast Real Estate Exam Study
Guide
Tract building - Answer-When a dev. Acquired land, records a plat map and uses a model
center from which sales may be made
Local level - Answer-Planning, zoning, property taxation, building and health codes and
regulations, and building moratoriums that ...
Stationary Construction - Answer✔✔-An active broker is required to have this open which must
be registered with the department of Business and Professional Regulation where Negotiations
and the closing of real estate transactions can be conducted with privacy
Others - Answer✔✔-Licencees should make clear that they are dealing on their own account
and not acting on the behalf of
Public - Answer✔✔-Licencees should make known their status as licencees to members of the
Serious negotiations - Answer✔✔-This Disclosure should be made prior to entering into
Deposit - Answer✔✔-A form of Money, personal property, real property, or anything of value
that is capable of being converted into cash.
Closing - Answer✔✔-Typically the deposit is intended as partial payment of the purchase price
at?
Post dated checks - Answer✔✔-Are considered to be promissory notes and can be accepted as
earnest money with the seller's approval.
True - Answer✔✔-When a deposit is placed, or is to be placed, with a title company or an
attorney, the licensee who prepared or presented the sales contract must indicate on that
contract the name, address, and telephone number of the title company or attorney with whom
the deposit was placed (True or False)
Escrow or trust account - Answer✔✔-May be held in a commercial bank, title company which
has trust powers, credit union, or savings and loan association located in the state of Florida
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